arXiv Open Access 2025

Simulation of a generalized asset exchange model with investment and income mechanisms

Jan Tobochnik Harvey Gould William Klein

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Abstrak

An agent-based model of the economy is generalized to incorporate investment and guaranteed income mechanisms in addition to the exchange and distribution mechanisms considered in earlier models. We find realistic wealth distributions and realistic values of the Gini coefficients and the Pareto index. We also show that although the system reaches a steady state, the system is not in thermal equilibrium. The nonequilibrium behavior is associated with the multiplicative noise generated by the investment mechanism.

Topik & Kata Kunci

cond-mat.stat-mech

Penulis (3)

Jan Tobochnik

Harvey Gould

William Klein

Format Sitasi

APA MLA BibTeX

Tobochnik, J., Gould, H., Klein, W. (2025). Simulation of a generalized asset exchange model with investment and income mechanisms. https://arxiv.org/abs/2508.05810

Akses Cepat

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Informasi Jurnal

Tahun Terbit: 2025
Bahasa: en
Sumber Database: arXiv
Akses: Open Access ✓